The author of this volume Dr. Ratan Lal Basu is a Ph. D. in Economics (on Arthaśāstra, the treatise on political economy and statecraft composed by a Brāhmaṇa scholar Kauṭilya around 300 B. C.). He retired as principal from a Government-Sponsored College at Kolkata, and after retirement got fully occupied with research and publishing activities pertaining to Indology, ancient economics, modern economic problems, economic history, yoga and tantra cult, statecraft, international relations and espionage, ethics and morality and also fiction in English and Bengali (his mother tongue).
The hitherto known history of human civilization has been checkered with glorious achievements and abject injustice characterized by poverty, inequality and deprivation. The term poverty may be looked upon in both absolute and relative sense. The most coherent explanation of poverty and injustice is to be found in the works of Karl Marx and Frederick Engels. They associated poverty and injustice with private property, division of labour, exchange, competition, family and the State.
The most prominent voice that has raised protests against blind adherence to free market mechanism is that of Amartya Sen who has emphasized that to contain the maladies associated with material progress in the era of globalization, public action is essential. Sen emphasizes the role of the mass media and awareness of the common people to break through this vicious circle and make the politicians, running the governments, work in a desirable fashion.
Unfortunately this optimistic note of Sen has come up against a serious hurdle pointed out by Adam Smith long ago. According to Smith a psychosis common to most of the people, whatever be their own positions, is that they admire the powerful and the rich (whatever be the means of their achievements) instead of the really worthy ones, viz. the honest and virtuous who has failed to achieve power and wealth. This has, in fact, spelt out a gloomy prospect for the human race.
Título : Poverty, Amartya Sen and Adam Smith
EAN : 9798215886700
Editorial : Kautilya
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